MARYLAND HOSPITAL EDUCATION & RESE… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

MARK S RULLE EDD

Phone

4103796200

Tax Period

2023-01-01 to 2023-12-31

MARYLAND HOSPITAL EDUCATION & RESEARCH FOUNDATION INC, founded in 1967, is a small nonprofit that reported $988K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

THE MARYLAND HOSPITAL EDUCATION AND RESEARCH FOUNDATION, INC, T/A THE MARYLAND HEALTHCARE EDUCATION INSTITUTE ("FOUNDATION") IS A NOT-FOR-PROFIT, NON-STOCK EDUCATIONAL ORGANIZATION INCORPORATED UNDER THE LAWS OF THE STATE OF MARYLAND. THE FOUNDATION PROVIDES HEALTHCARE-RELATED EDUCATIONAL PROGRAMS AND SERVICES TO HEALTHCARE PROVIDERS WITHIN THE STATE OF MARYLAND.

Program Service Accomplishments

Program 1

Expenses: $791,559 Revenue: $814,992

SEMINARS, CONSULTING AND PUBLICATIONS FOR MEMBER HOSPITAL PERSONNEL AND OTHER HEALTHCARE ORGANIZATIONS PERTAINING TO THE HEALTHCARE FIELD, PROMOTING OPERATIONAL IMPROVEMENTS IN HOSPITALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $146,551

Program Service Revenue $814,992

Investment Income $20,913

Other Revenue $5,744

TOTAL REVENUE $988,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $643,267

Fundraising Expenses $0

Program Expenses $791,559

Other Expenses $374,161

TOTAL EXPENSES $1,017,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$988,200	$1,135,388	-0.1%
Expenses	$1,017,428	$955,001	+0.1%
Net Income	$-29,228	$180,387	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$749,253

Total Directors

$1,025,101

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUNIL MADAN MD CPE FACEP	VICE CHAIR/SECRETARY	5.00	Officer Director	$0	$0	$0
TERRY LOVELL MAS	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL SCHWARTZ MD	DIRECTOR	1.00	Director	$0	$0	$0
LINDA JONES MHA CPCU	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE ROCHESTER MD	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
MSHAFEEQ AHMED MD MBA FACOG	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ATLAS UNTIL 21023	DIRECTOR	1.00	Director	$0	$9,752	$537,273
WILLIAM SHEAHAN MPA EMT	DIRECTOR	1.00	Director	$0	$0	$0
KELLY HAYNIE DHA MPA	DIRECTOR	1.00	Director	$0	$0	$0
SHELLIE WILLIAMS MSN MHA RN CRNN	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN MCCLELLAND	DIRECTOR	1.00	Officer Director	$0	$11,970	$487,828
MARK S RULLE EDD	PRESIDENT	37.50	Officer	$227,937	$33,488	$261,425
LYNDLEY ANDREWS	PROGRAM CONSULTANT	37.50	Highest	$115,699	$4,045	$119,744
KATRINA COLEMAN	PROGRAM CONSULTANT	37.50	Highest	$119,041	$21,103	$140,144

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$988,200	$1,017,428	$1,278,730	$-29,228
2022	$1,135,388	$955,001	$1,359,805	$180,387
2021	$1,219,140	$945,507	$1,244,550	$273,633
2020	$999,175	$954,586	$970,746	$44,589
2019	$1,273,431	$1,220,208	$921,446	$53,223
2018	$1,268,696	$1,212,786	$848,988	$55,910

MARYLAND HOSPITAL EDUCATION & RESEARCH FOUNDATION INC